Weaker Oil Prices Pushed the Dollar Down Today

At 12:15 Beirut time, the Euro was quoted at €/$ 1.1310, the equivalent of €/LBP 1,704.98, appreciating by 0.22% against the US Dollar. The euro gained momentum against the dollar today as weakened oil prices pushed the dollar down.

Locally, the Dollar remained unchanged against the Lebanese Pound at the quote of $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound depreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.02% downtick to 166.63 points today.

Weaker Oil Prices Pushed the Dollar Down TodayDate: 18 April 2016







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